In a pie chart representing the market share of four companies, Company A has 25%, Company B has 35%, Company C has 20%, and Company D has 20%. If Company B increases its market share by 5%, what will be the new percentage of Company B?
Practice Questions
1 question
Q1
In a pie chart representing the market share of four companies, Company A has 25%, Company B has 35%, Company C has 20%, and Company D has 20%. If Company B increases its market share by 5%, what will be the new percentage of Company B?
30%
35%
40%
45%
Company B's new market share will be 35% + 5% = 40%.
Questions & Step-by-step Solutions
1 item
Q
Q: In a pie chart representing the market share of four companies, Company A has 25%, Company B has 35%, Company C has 20%, and Company D has 20%. If Company B increases its market share by 5%, what will be the new percentage of Company B?
Solution: Company B's new market share will be 35% + 5% = 40%.
Steps: 5
Step 1: Identify the current market share of Company B, which is 35%.
Step 2: Determine the increase in market share for Company B, which is 5%.
Step 3: Add the increase to the current market share: 35% + 5%.
Step 4: Calculate the result: 35% + 5% = 40%.
Step 5: Conclude that the new market share of Company B is 40%.
